869 S 41st Street, Tacoma, WA, 98418 | 3.89% Rental Yield

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Price: $300K - 500K

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869 S 41st Street, Tacoma, WA, 98418 | 3.89% Rental Yield | Ziffy

For Sale

Currently Rented

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $2,754/mo, and a $4,160/mo payment. Purchase price stands at $849,999, and rental yield measures 3.89% with $2,754/mo rent. Return on cash invested shows 9.95% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 49.18% and total cumulative return in cash records $137,529. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,754/mo property income covering a $4,160/mo payment rather than investor’s personal income.

Multi Family

Built in 1989

5,061 sqft lot

$N/A/sqft

No HOA

More details about the property

Investor Alert! This upgraded Quadplex offers significant potential, with current rents below market value. Each unit spans approximately 780 sqft and features 2 bedrooms and 1 full bathroom. Units come equipped with a range/stove, refrigerator, and dishwasher. Units 2 and 4 recently underwent cosmetic updates and are in excellent condition. The property includes parking spaces and ample off-street parking. Units 2 and 4 are vacant and available for showings, while Units 1 and 3 have month-to-month tenants. The complex is well-maintained, with fresh paint throughout, and the yard is partially fenced. Conveniently located near I-5 and just a few miles from Puyallup. tenants pay for W/S/G.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98418, Tacoma, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,278 (100%)
Owner Occupied HU	2,532 (59.2%)
Renter Occupied HU	1,536 (35.9%)
Vacant Housing Units	210 ( 4.9%)
Median Home Value	$520,107
Average Home Value	$595,419